Coronavirus Impact
Coronavirus Impact
NMN031620-MBA.png

Add continued growth in commercial and multifamily mortgage debt outstanding to the list of things that the economic fallout from the coronavirus might affect.

March 16
1 Min Read
HealthJaoy-March2019

The coronavirus card will include real-time updates from the Centers for Disease Control regarding support and testing.

March 16
1 Min Read

Lenders are rallying around a bill from Sen. Rubio that would give them access to another $50 billion under the 7(a) program. It could face obstacles in the House, where a bill favors direct lending by the Small Business Administration.

March 16
5 Min Read

The lowest tier of investment-grade companies are growing vulnerable to downgrades to high-yield status - a designation that could drive up their borrowing costs and set off a wave of selling from investors who aren’t permitted to hold such low-quality debt.

March 16
5 Min Read
"The Federal Reserve supports firms that choose to use their capital and liquidity buffers to lend and undertake other supportive actions in a safe and sound manner," the Fed said.

The actions include cutting the federal funds rate to between 0% and 0.25% and other steps to ease economic stress from the spread of the coronavirus.

March 15
4 Min Read
Dodd-Frank represented a compromise between those who wanted to upend the system by breaking up big banks and restructuring the regulatory system and those who wanted less drastic changes.
BankThink

If banks are unable to weather the economic fallout from the outbreak, calls for more dramatic reforms could get louder.

March 13
3 Min Read
NMN031220-Fannie- forecast.png

Increased refinancing volume led Fannie Mae to raise its 2020 estimate by $300 billion and 2021 projection by $280 billion.

March 12
2 Min Read
NMN031220-RateVol.png

Not so long after Treasury bond yields experienced an unprecedented drop, the average 30-year mortgage rate rose, reflecting volatility related to the coronavirus as well as capacity issues on multiple levels.

March 12
2 Min Read
The Latest